The Meridian is the official blog of Scott Dauenhauer and Meridian Wealth Management. This blog will update you on financial planning and investment management topics. It will also explore the impact of world events on your portfolio.

Wednesday, September 08, 2010

I have no idea who this latest program is looking to help. Why a lender would participate in this program is beyond me. The program still requires the lender to take the loss, the only benefit might be that the lender might take a smaller loss than they would if they foreclosed....transferring the risks to the taxpayer via the FHA. Yet again, another Dead On Arrival plan - at least the Obama administration is keeping a consistent policy, one carried over from Bush.....that of offering destined to fail plans that help nobody.